CPF Delights by Investor Confidence, Demand for 5-Series Debentures Oversubscribed Target

Charoen Pokphand Foods Public Company Limited (CPF) was successful in offering 5 series of debentures with tenors of 2Y to 12Y and coupon rates from 1.75-3.80% p.a. to retail investors and institutional and/or high net worth investors during the period from 18-21 January 2021. 

The joint lead arrangers revealed that investors still look for debentures with attractive returns, especially those issued and offered by stable and sustainable companies, and CPF debentures tick all the right boxes.  

 

Mr. Paisan Chirakitcharern, Chief Financial Officer of Charoen Pokphand Foods Public Company Limited (CPF) which operates integrated agro-industrial and food businesses under the vision to become the “Kitchen of the World”, disclosed that CPF would like to thank all investors, both retail investors and institutional and/or high net worth investors, for trusting and showing interest in CPF debentures. 

In response, CPF decided to exercise the greenshoe option and offer the debentures a total of 30,000 million baht. This reflected investor’s confidence in CPF’s business operations which are growing continuously under the vision to become the “Kitchen of the World” and for being the global  industry leader. 

CPF also extends its appreciation to Krung Thai Bank Public Company Limited, KASIKORNBANK Public Company Limited, the Siam Commercial Bank Public Company Limited, Government Savings Bank, CIMB Thai Bank Public Company Limited, TMB Bank Public Company Limited, and Kiatnakin Phatra Securities Public Company Limited for contributing to the great accomplishment in offering the CPF debentures.

 

The joint lead arrangers of these CPF debentures stated that given today’s investment landscape, investors still look for the debentures with attractive returns from companies with a stable financial position, a leading position in their industries, as well as opportunities and potential to grow. 

CPF debentures fulfill all these criteria, thus becoming the suitable investment option. At the same time, investors are also interested in investing in businesses that foster sustainable growth. 

So the fact that CPF is a member of major global indices such as the Dow Jones Sustainability Indices (DJSI), the MSCI ESG Index, and the FTSE4Good Index affirms CPF’s good corporate governance as well as management of food safety processes throughout the value chain with care for society and the environment, testifying to how CPF’s sustainable development standards are on a par with world-class standards and internationally recognized. 

Nevertheless, during the COVID-19 pandemic, CPF took part in helping society such as reduce credit terms in an effort to increase liquidity for SMEs suppliers, joining hands with the government to hire up to 8,000 new graduates, and delivering food to healthcare personnel and those adversely affected by the pandemic, all of which were factors conducive to the successful offering of CPF debentures.